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Identifiable Intangibles and Goodwill, U.S. GAAP International Foods, a U.S. company, acquired two companies in 2019. As a result, its consolidated financial statements include

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Identifiable Intangibles and Goodwill, U.S. GAAP International Foods, a U.S. company, acquired two companies in 2019. As a result, its consolidated financial statements include the following acquired intangibles: Intangible Asset Date of Acquisition Fair Value at Date of Acquisition Useful Life Customer relationships Favorable leaseholds Brand names Goodwill January 1, 2019 June 30, 2019 June 30, 2019 January 1, 2019 $4,000,000 4 years 8,000,000 5 years 18,000,000 Indefinite 500,000,000 Indefinite Goodwill was assigned to the following reporting units: Asia $100,000,000 South America 150,000,000 Europe Total 250,000,000 $500,000,000 It is now December 31, 2020, the end of International Foods' accounting year. No impairment losses were reported on any intangibles in 2019. Assume that International Foods bypasses the qualitative option for impairment testing of goodwill and indefinite-life intangibles. Additional information at December 31, 2020 is as follows: Intangible Asset Sum of Future Expected Undiscounted Cash Flows Sum of Future Expected Discounted Cash Flows Customer relationships Favorable leaseholds Brand names Reporting Unit Unit Book Value Unit Fair Value Asia South America Europe $300,000,000 $400,000,000 200,000,000 350,000,000 600,000,000 500,000,000 $1,200,000 6,000,000 14,000,000 $900,000 4,400,000 7,000,000 Unit book values are already adjusted for appropriate 2020 amortization and impairment of identifiable intangibles. Compute 2020 amortization expense and impairment losses on the above intangibles, following U.S. GAAP. Enter answers in millions, using decimal places when applicable. (in millions) Amortization expense - identifiable intangibles $ Impairment losses - identifiable intangibles 0 0 Goodwill impairment loss 0 Total $ 0 Check

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